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LSDefine

Simple English definitions for legal terms

Storage lien

Read a random definition: Ordinary course of business

A quick definition of Storage lien:

A storage lien is when someone who stores your things can keep them if you don't pay them for their services. It's like a security deposit, but for storage.

A more thorough explanation:

A storage lien is a type of security interest that can be obtained by a person or company that provides storage services for someone else's property. If the owner of the property fails to pay for the storage services as agreed, the lien holder may be able to keep possession of the property until the debt is paid.

For example, let's say that John owns a storage facility and Jane rents a unit to store her furniture. If Jane fails to pay her monthly rent, John may be able to place a storage lien on her furniture. This means that he can keep the furniture until Jane pays the amount owed.

Another example could be a car that is left at a mechanic's shop for repairs. If the owner of the car fails to pay for the repairs, the mechanic may be able to place a storage lien on the car and keep it until the debt is paid.

These examples illustrate how a storage lien can be used to protect the interests of the person or company providing storage services. It gives them the right to hold onto the property until they are paid for their services, which helps ensure that they are not left with unpaid debts.

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michigan also has better options if you do PD for 10 years then want to do something else
windyMagician
16:19
also would love to clerk for my federal district court even tho I know its hella competitive, I think mich sets me up better?
16:20
would be a great point to bring up when ur deciding / visiting each place- see what recent placement looks like
texaslawhopefully
16:23
For fed clerkships by far Michigan places better. I think it’s like 14-15 percent
windyMagician
16:25
sticker debt is high-key scary tho
texaslawhopefully
16:26
I’m sure you’ll get good merit aid though. Look at Michigan’s 509 report. They’re very generous.
16:34
i am going to wait patiently into january to get into a law school
16:34
then i will start tweaking
texaslawhopefully
16:42
January could not come any sooner
16:54
i hope you guys all have a very lovely holiday season
17:02
has everyone finished procuring their presents?
17:02
I got my sis a vintage leather jacket off ebay she’s gonna freak she only has fake stuff
hi all
CynicalOops
17:14
Ive been slacking so hard on tickets fawk
CynicalOops
17:14
Wait
CynicalOops
17:14
Presents
CynicalOops
17:14
Im just gonna get everyone tickets so thats why i said that
jackfrost11770
17:14
people are so stupid on the internet its crazy
CynicalOops
17:15
T5 soft
windyMagician
17:18
that and the post asking for low gpa success stories along with every other identifying detail
i should be a vtuber so i can finally realize my dream of becoming an anime girl
17:23
@CynicalOops: tickets to what?
CynicalOops
17:26
I got my brother tickets to a golf tournament and im going to get my mom ski lift tickets because she just moved near a ski resort
Dkk
18:08
Nice, I am on bad terms with my siblings so i am getting them nothing and they should get me nothing too and I am getting my mom a gift.
18:16
I just noticed that UMich has the majority of their acceptances really early on. Does anyone know what happens to mid-November applicants? Are we just cooked?
TGM
18:23
How long can I delay sending my fall grades if they hurt my GPA? I’m still waiting on decisions and ideally I’m hoping they decide BEFORE seeing my new grades
TGM
18:27
dropped my GPA below median for a couple of schools I’m applying to, when I was above median before
Dkk
18:32
@TGM: Not long enough to get another transcript to recover.
Dkk
18:33
Honestly you could just wait until someone actually asks for your fall grades. Who knows.
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